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North American Gem Inc V.NAG



TSXV:NAG - Post by User

Comment by Saturn4on Dec 11, 2008 4:41pm
307 Views
Post# 15641281

RE: RE: NAG SEEMS DEAD

RE: RE: NAG SEEMS DEADMarketmover, much of your post is negative speculation which, I will give you, is a possibility.  But there is also a possibility which is IMO more realistic and optimistic.  For example, if you talk to IR and do some DD instead of ranting you would know that according to IR there are very little upfront costs for strip mining the ACC property.   NAG apparently has contact with contractors that will do the mining and be paid when NAG gets paid.  So, it does appear that there is no need for a PP, as you say.  Further, NAG intends to drill ACC for a 43-101.  I have been informed that NAG has money in the bank and that NAG's burn rate is quite low.  You can't expect things to happen overnight.  I do agree that we've been waiting for some time now without any real concrete information via NR.

The problem I have is that instead of investors calling IR to get the information, NAG should put out a NR.  Sometimes it may seem like IR maybe playing with words or are not fully informed or an investor's interpretation may be different from the conversation.  A NR would certainly give more confidence.  The above, I gathered from speaking to IR and was what I took out of the conversation.  You should call IR to confirm, maybe I have been mistaken somewhere ... but that's what I got out of the conversation.
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